July was a crazy month throughout the South Bay with double digit year over year percentage changes in most of the cities. There was no real rhyme or reason to it with some cities way up and others way down. Redondo Beach real estate was one of the exceptions to the massive percentage changes with a very modest 6% increase in home prices over July of 2016. Overall Redondo Beach saw 95 home sales with a median price of $975,000.

Whether you are interested in selling your home or just curious to know the value of your home, we’re here to help. Using the very latest MLS and selling data combined with our insight into current market conditions and knowledge of what home buyers are looking for we can give you a very good idea of the value of your Redondo Beach home in the current market. Please tell us a little about your home and we will put together a full report on the value of your property.

What is My Redondo Beach home worth?

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So what’s in store for the Redondo Beach real estate market in 2017? With interest rates still low and pent up demand still outweiging the current inventory, it looks to be more of the same. Prices are at peak levels and interest rates have risen slightly which may cool things off just a bit but the demand is strong for homes in this coastal community. Visit the Redondo Beach real estate market statistics to keep up with the latest trends.

September was a strong month for home sales in Redondo Beach and the South Bay. Click any link below to see a list of the homes that sold that month or visit our recent South Bay home sales page to see any month and any city in the area. We hope that the information is helpful and please do not hesitate to contact us for any of your real estate needs.

Find a real estate professional who is the right fit for you.
Home buying is not only a big financial commitment, but also an emotional one. It’s critical that the Realtor® you choose is both skilled and a good fit with your personality.

Timing the market.
There is no “right” time to buy anymore than there is a right time to sell. If you find a home now, don’t try to second-guess the interest rates or the housing market by waiting. Changes don’t usually occur fast enough to make that much difference in price and a good home won’t stay on the market long. See article on trying to time the real estate market.

The most important opinion is your own.
It’s natural to want reassurance for such a big decision, but too many ideas will make it much harder to make a decision. Don’t ask for too many opinions and trust your own instincts.

The Big Picture.
Accept that no house is ever going to be perfect. Pay attention to the things that are most important to you and let the minor things go. Make the decision based on whether you would be happy in the home.

Keep negotiations realistic.
Negotiation is definitely a part of the real estate process, but trying to “win” by getting an extra-low price may lose you the home you love and although the difference may sound like a lot, it may be an insignificant difference over the life of a 30 year mortgage.

Remember your home doesn’t exist in a vacuum.
Don’t get so caught up in the physical aspects of the house: room size, kitchen, floors, etc. that you forget such issues as amenities, noise level, neighborhood, etc. that have a big impact on what it’s like to live in your new home.

Get pre-qualified or pre-approved.
Don’t wait until you’ve found a home and made an offer to get approved for a mortgage. Not only is getting pre-qualified quick and easy, but there is no obligation. Finding out how much you can afford, whether your credit could use some repairing, and what your monthly payments might be, is a significant step toward buying a house and making the process less stressful.

Factor in maintenance and repair costs in your post home-buying budget. Even if you buy a new home, there will be some costs. Don’t leave yourself short and let your home deteriorate.

Accept that a little buyer’s remorse is inevitable and will probably pass.
Buying a home, especially for the first time, is a big commitment, but it also yields big benefits. It is common
to question your decision but in the long run, home ownership is usually a fantastic opportunity.

Choose a home first because you love it; then think about appreciation.
A home’s most important role is as a comfortable, safe place to live. With the increases in value in the
early 2000’s, people have begun to think of their home strictly as a way to make money. Make sure your home is something that you’ll enjoy living in for a long time.

**Update** The home was recently reduced from $1,050,000 to $999,000 but is still active and for sale.

We recently sold the home at 1637 Armour in the Golden Hills of Redondo Beach for what, at the time, was a very big number of $885,000. We had 9 offers and the demand was pretty unbelievable. It was a fairly rare situation in the Golden Hills as it was a smaller house at 1048 sq feet but it was all a single level and had a 4,100 foot lot. The typical lot in the Golden Hills is 2500 so this is a unique piece of property. The home sold in May of 2016 and is now back on the market for an unheard of $1,050,000 just months later. To our knowledge there were no upgrades done since they purchased.

Will the market possibly bear this price?

Only time will tell.

We're sorry, but we couldn't find MLS # WS16707161 in our database. This property may be a new listing or possibly taken off the market. Please check back again.